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Main Features are as follows
1- Strong resistance between 5860-5912
2- Weak support between 5695-5730
3- Water Fall (Bullish) Pattern in last 3 days down moves.
Fistly trading between mentioned resistance and Support ranges. As good selling at higher levels therefore complete consolidation is required to cross mentioned resistances and follow up selling in the first 2 sessions of next week will mean deeper correction with Intermediate term trend turning down and testing possibility of Rising Support Line of Pennant pattern as well as 200 Day EMA(Today at 5632).
Present market is range bound range between 5695-5944 and follow up moves in the begining of week will decide deeper correction or range bound market but it is conform that market require complete consolidation and that will take its own time in consolidation process.